Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

PK Basu has 34 years experience covering Asia's economies and markets (equities, fixed income and currencies), including 20 years covering the global economy. He was Chief Economist (SE Asia & India) at Credit Suisse First Boston for 5 years, and Chief Asia (x-Jpn) Economist at Daiwa Securities for a similar period. Among other roles, he was global head of research at Maybank Kim Eng, Malaysia equity research head and chief ASEAN economist at Macquarie, Chief Economist at ICICI Securities, ASEAN economist at UBS and the first chief economist at Khazanah Nasional (where he was co-head of research, and led all agri-business initiatives). PK Basu started his career in the Asia Service of WEFA (Wharton Econometrics) in Philadelphia in 1990, rising to be Director of their Asia Service in June 1994. 
PK's book, "Asia Reborn: A continent rises from the ravages of Colonialism and War to a New Dynamism" won the Tata Literature First Book Award (non-fiction) for 2018. It is the first single chronicle of the modern economic and political history of the whole of Asia (from Iraq and Turkey to Korea and Japan, and everything in between), told from an Asian perspective.

Chief Economist & Political Strategist

US Deflation Risks Are Creeping Back, and Will Be the Only Game in Town if Tax Hoopla Fails

Draghi's Talk Of "Reflationary Forces" Reinforces Trend Strength in Euro Amid Flatter US Yield Curve

Macron's Magical Run Continues: Good for the Euro

France Beating Britain in the Long Game: +ve for the EU in the Near-Term, Less so in the Long Haul

REAL-Economics.com

Macroeconomics

US non-farm payrolls (NFP) exceeded expectations in June, rising by 222,000 (versus expectations of 179,000) and the numbers for May and April were revised up to 152,000 (from 138K) and 207,000 (from 174K), completing the picture of a robust economy in 2Q 2017 -- with monthly gains of 193,667 in NFPs during the quarter (ahead of the average gains of 186,000 in 2016, and much better than the 166,000 of average monthly increases in NFPs during 1Q 2017; there is undoubtedly an element of…

US non-farm payrolls (NFP) exceeded expectations in June, rising by 222,000 (versus expectations of 179,000) and the numbers for May and April were revised up to 152,000 (from 138K) and 207,000 (from 174K), completing the picture of a robust economy in 2Q 2017 -- with monthly gains of 193,667 in NFPs during the quarter (ahead of the average gains of 186,000 in 2016, and much better than the 166,000 of average monthly increases in NFPs during 1Q 2017; there is undoubtedly an element of…

NFP Gives the Green Light for Globally Concerted Tightening, Despite Persistent Disinflation